Walmart's decision to suspend its planned expansion into India's huge but fragmented retail market due to obstacles put in place by the host nation to protect its mom-and-pop retailers is an example of .
A) excise duties
B) quotas
C) nontariff trade barriers
D) tariffs
E) exchange controls

Question

Quizplus · Accepted Answer

Nontariff trade barriers refer to restrictions that countries use to control the amount of trade across their borders without imposing tariffs. These can include regulations, standards, or practices that make it difficult for foreign companies to operate, such as the obstacles Walmart faced in India.

Walmart's Decision to Suspend Its Planned Expansion into India's Huge